RENEWAL ANALYSIS & NEGOTIATION

One of the main methods of managing costs is your renewal. Our knowledge of underwriting and analysis of all the factors that contribute to the setting of your rates is invaluable. By considering loss ratios, credibility, trend, inflationary factors, and reserve requirements, we determine if the insurer has presented a fair renewal, and if not mutually satisfied, we will negotiate with the mandate of reducing the rates to their optimal level. Other factors such as employee volumes, individual usage, and non-recurring claims can also be used to challenge the proposed renewal rates.